And of course your area may be different in terms of cost and also some jobs don't require a full cosmetic renovation, but most of mine have.Then of course check the big ticket items like HVAC, roof, exterior siding/masonry repair, windows, interior sheetrock replacement, foundation and water heater and know approximately what it will cost to fix/replace each if warranted.  

The inspection report noted a few potential big ticket issues with the house. 1.

Our big ticket items in the property are in good shape.

Definitely get specialist opinions for the big ticket and specialty items like mold, septic, and the well. 

@Eric AdoboI love Journey, not a big Def Leppard fan but I would definitely sell their ticket to get Morris and Kiyosaki any day.

the house is 1912, maybe check out the big ticket items --- foundation, floorboards, Hvac, windows, roof .    

If not, maybe reach out to Novad and see if you can open a ticket and get things moved into the short sale dept.

From what I understand outstanding tax liabilities (even with IRS and not just property tax) are another big ticket item that you have to be careful of.  

But, remember, your basic assumptions should have a reserve for OpEx (routine maintenance stuff) and CapEx (larger ticket items that are depreciable).

-tickets to a temperance event-old coins-racist cartoons from old newspaper (used for insulation)